KANISHKA GUPTA,,HYDERABAD vs. ACIT CENTRAL CIRCLE-3(1), HYDERABAD

In the result, all the appeals of assessees are dismissed

Bench: Shri R.K. Panda & Shri Laliet Kumar

bogus story of convenience as already observed that there are various levies on scrap sales and also there has to be reason for generation of scrap, whereas the appellants are just reiterating submissions without giving any justification or evidences, in view of the same, the additions made by the Assessing Officer are confirmed. The Assessing Officer has rightly added

RONAK GUPTA,HYDERABAD vs. ACIT CENTRAL CIRCLE-3(1), HYDERABAD

In the result, all the appeals of assessees are dismissed

Bench: Shri R.K. Panda & Shri Laliet Kumar

bogus story of convenience as already observed that there are various levies on scrap sales and also there has to be reason for generation of scrap, whereas the appellants are just reiterating submissions without giving any justification or evidences, in view of the same, the additions made by the Assessing Officer are confirmed. The Assessing Officer has rightly added

EXEL RUBBER PRIVATE LIMITED,HYDERABAD vs. ACIT.,CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the appeals of the assessee for the\nA

deposits in bank account.\n(1A) Notwithstanding anything contained in sub-section (1),\nwhere the income chargeable to tax represented in the form\nof an asset or expenditure in relation to an event or occasion\nof the value referred to in clause (b) of sub-section (1) has\nescaped the assessment and the investment in such asset or\nexpenditure

THOTA RAMAIAH L/R T VASUNDHARA,HYDERABAD vs. ACIT, CIRCLE-4(1), , HYDERABAD

In the result, the appeal of the assessee is allowed

Bench: Shri R.K. Panda & Shri Laliet Kumar

deposit was made in the bank account, it was immediately thereafter utilized to issue cheques towards the expenditure. The explanation of the appellant- assessee was that payments were made in cash, as preparation of a bank instrument or issue of cheque would have resulted in a missed opportunity or failure of a favourable or good business deal with the third

KUPPAM EDUCATIONAL SOCIETY,KUPPAM vs. INCOME TAX OFFICER (EXEMPTIONS), TIRUPATI

In the result, the appeal of the assessee is partly allowed

Bench: Shri K. Narasimha Chary & Shri Madhusudan Sawdia

deposits is made directly by principal account, there is no non disclosure of the credit in bank. Hence it is prayed your honourable appellate authority to delete the addition. 4. The cash deficit doesn't arise at all. The said addition appears to be made based on the individual set of books of accounts of the kuppam degree college, kuppam

EXEL RUBBER PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the appeals of the assessee for the\nA

deposits in bank account.\n(1A) Notwithstanding anything contained in sub-section (1),\nwhere the income chargeable to tax represented in the form\nof an asset or expenditure in relation to an event or occasion\nof the value referred to in clause (b) of sub-section (1) has\nescaped the assessment and the investment in such asset or\nexpenditure

EXEL RUBBER PRIVATE LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the appeals of the assessee for the\nA

deposits in bank account.\n(1A) Notwithstanding anything contained in sub-section (1),\nwhere the income chargeable to tax represented in the form\nof an asset or expenditure in relation to an event or occasion\nof the value referred to in clause (b) of sub-section (1) has\nescaped the assessment and the investment in such asset or\nexpenditure

EXEL RUBBER PRIVATE LIMITED,K.V.RANGAREDDY vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the appeals of the assessee for the\nA

deposits in bank account.\n(1A) Notwithstanding anything contained in sub-section (1),\nwhere the income chargeable to tax represented in the form\nof an asset or expenditure in relation to an event or occasion\nof the value referred to in clause (b) of sub-section (1) has\nescaped the assessment and the investment in such asset or\nexpenditure

APR JEWELLERS PRIVATE LIMITED,ANATHAPUR vs. ITO WARD 1(2), HYDERABAD

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita No.456/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2017-18) Apr Jewellers (P) Ltd Vs. Income Tax Officer Hyderabad Ward 2(1) Pan:Aalca3233D Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri, M. Bhupal Gowd, Ca राज" व "ारा/Revenue By:: Shri Srinath Sadanala, Dr सुनवाई की तारीख/Date Of Hearing: 17/02/2025 घोषणा की तारीख/Pronouncement: 20/02/2025 आदेश/Order

purchase and sales registers and copies of bills, the Assessing Officer is justified in making the addition. Hence, the learned DR relied upon the orders of the authorities below. 7. We have considered the rival submissions as well as perused the relevant material available on record. The Assessing Officer has made the addition of the entire deposits made

EXEL RUBBER PRIVATE LIMITED,HYDERABAD vs. DCIT, CENTRAL CIRCLE-1(2), HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha G.आ.अपी.सं /Ita No.1894/Hyd/2025 (िनधा"रण वष"/Assessment Year: 2014-15) M/S. Exel Rubber (P) Ltd Vs. Dy.Cit Hyderabad Central Circle 1(2) Pan:Aaace4495J Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri M.V. Prasad, Ca राज" व "ारा/Revenue By: Dr. Narendra Kumar Naik, Cit (Dr) सुनवाई की तारीख/Date Of Hearing: 20/01/2026 घोषणा की तारीख/Pronouncement: 18/02/2026 आदेश/Order Per Manjunatha, G. A.M. This Appeal Is Filed By The Assessee Is Directed Against The Order Passed By The Learned Commissioner Of Income Tax (Appeals)-11 Hyderabad, Dated 11/10/2025 For The A.Y 2014-15. 2. The Assessee Has Raised The Following Grounds Of Appeal:

purchase transactions and cash received on sale of lands, etc to the tune of Rs.6,08,84,018/- for the AY: 2015-16. 2.2 Further, as the AO upon considering the facts and circumstances of the case decided that the present case is 'a fit case' for issuance of notice u/s 148 of 1.T.Act, as per clause (i) of explanation

VILAS POLYMER PRIVATE LIMITED,HYDERABAD vs. DCIT, CENTRAL CIRCLE-1(2), HYDERABAD, HYDERABAD

In the result, all the six appeals i

Bench: Shri Vijay Pal Rao & Shri Manjunatha G.आ.अपी.सं /Ita Nos.1870 To 1875/Hyd/2025 Assessment Years 2014-2015 To 2019-2020 Vilas Polymer Private The Dcit, Limited, Hyderabad. Central Circle-1(2), Vs. Pin – 500 090 Hyderabad – 500 004. Pan Aaacv9854A Telangana. (Appellant) (Respondent) िनधा"रती "ारा /Assessee By: Ca M V Prasad राज" व "ारा /Revenue By: Dr. Narendra Kumar Naik, Cit- Dr सुनवाई की तारीख/Date Of Hearing: 19.01.2026 घोषणा की तारीख/Pronouncement: 18.02.2026 आदेश/Order

purchase transactions and cash received on sale of lands, etc to the tune of Rs.6,08,84,018/- for the AY: 2015-16. 2. 2. Further, as the AO upon considering the facts and circumstances of the case decided that the present case is 'a fit case' for issuance of notice u/s 148 of 1.T.Act, as per clause

VILAS POLYMER PRIVATE LIMITED,HYDERABAD vs. DCIT, CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the six appeals i

Bench: Shri Vijay Pal Rao & Shri Manjunatha G.आ.अपी.सं /Ita Nos.1870 To 1875/Hyd/2025 Assessment Years 2014-2015 To 2019-2020 Vilas Polymer Private The Dcit, Limited, Hyderabad. Central Circle-1(2), Vs. Pin – 500 090 Hyderabad – 500 004. Pan Aaacv9854A Telangana. (Appellant) (Respondent) िनधा"रती "ारा /Assessee By: Ca M V Prasad राज" व "ारा /Revenue By: Dr. Narendra Kumar Naik, Cit- Dr सुनवाई की तारीख/Date Of Hearing: 19.01.2026 घोषणा की तारीख/Pronouncement: 18.02.2026 आदेश/Order

purchase transactions and cash received on sale of lands, etc to the tune of Rs.6,08,84,018/- for the AY: 2015-16. 2. 2. Further, as the AO upon considering the facts and circumstances of the case decided that the present case is 'a fit case' for issuance of notice u/s 148 of 1.T.Act, as per clause

VILAS POLYMER PRIVATE LIMITED,HYDERABAD vs. DCIT, CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the six appeals i

Bench: Shri Vijay Pal Rao & Shri Manjunatha G.आ.अपी.सं /Ita Nos.1870 To 1875/Hyd/2025 Assessment Years 2014-2015 To 2019-2020 Vilas Polymer Private The Dcit, Limited, Hyderabad. Central Circle-1(2), Vs. Pin – 500 090 Hyderabad – 500 004. Pan Aaacv9854A Telangana. (Appellant) (Respondent) िनधा"रती "ारा /Assessee By: Ca M V Prasad राज" व "ारा /Revenue By: Dr. Narendra Kumar Naik, Cit- Dr सुनवाई की तारीख/Date Of Hearing: 19.01.2026 घोषणा की तारीख/Pronouncement: 18.02.2026 आदेश/Order

purchase transactions and cash received on sale of lands, etc to the tune of Rs.6,08,84,018/- for the AY: 2015-16. 2. 2. Further, as the AO upon considering the facts and circumstances of the case decided that the present case is 'a fit case' for issuance of notice u/s 148 of 1.T.Act, as per clause

PRODDATURI SANJAY KUMAR,HYDERABAD vs. ITO, WARD-10(4), HYDERABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri Madhusudan Sawdia, Hon’Bleassessment Year: 2017-18 Proddaturi Sanjay Kumar, Vs. The Income Tax Officer, Ward – 10(4), Hyderabad. Hyderabad. Pan : Bfbps1905P. (Appellant) (Respondent) Assessee By: Shri B. Prabhakar, Advocate. Revenue By: Shri Sbr Kumar Laghimsetti, Sr.D.R. Date Of Hearing: 07/04/2025 21/04/2025 Date Of Pronouncement:

deposited in cash into the bank account and therefore, the Ld. AO was justified in invoking Section 69. 5. Aggrieved with the order of Ld. First Appellate Authority, the assessee is in appeal before us. The Ld.AR submitted that, the entire amount of Rs. 15,68,395/- was utilized for business purchases through proper banking channels. It was contended that

FARMAX INDIA LIMITED,,HYDERABAD vs. DCIT, CIRCLE 1(3), HYDERABAD

In the result, the appeal filed by the assessee is dismissed and the appeal filed by the revenue is allowed

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Charyassessment Year: 2009-10 Farmax India Limited Vs. Dcit,Circle-1(3) 4Th Floor, Alluri Trade Centre I.T.Towers, A.C.Guards Bhagayanagar Colony Masab Tank Opp.Kphb Colony Hyderabad Kukatpally Hyderabad-500 072

deposits in its accounts may not meet the requirements of section 68. It was further held that it is necessary to note that the business activities of share subscribers in order to ascertain whether they are financially sound and are able to purchase the shares for substantial amount. The decision of the Hon’ble Supreme Court in the case

DCIT, CIRCLE-17(1),HYDERABAD, HYDERABAD vs. FARMAX INDIA LTD., HYD, R.R.DIST

In the result, the appeal filed by the assessee is dismissed and the appeal filed by the revenue is allowed

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Charyassessment Year: 2009-10 Farmax India Limited Vs. Dcit,Circle-1(3) 4Th Floor, Alluri Trade Centre I.T.Towers, A.C.Guards Bhagayanagar Colony Masab Tank Opp.Kphb Colony Hyderabad Kukatpally Hyderabad-500 072

deposits in its accounts may not meet the requirements of section 68. It was further held that it is necessary to note that the business activities of share subscribers in order to ascertain whether they are financially sound and are able to purchase the shares for substantial amount. The decision of the Hon’ble Supreme Court in the case

ACE TYRES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

In the result, appeals of the assessee for the A

deposits in the bank account. Though this is\nan inclusive definition, however, the asset as defined in the\nexplanation bring into its fold movable property, shares or\nsecurities, loans or likewise assets. In the absence of any of these\nassets found during the search or recorded in the seized material,\nthe case of the assessee does not fall

ACE TYRES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

In the result, appeals of the assessee for the A

deposits in the bank account. Though this is\nan inclusive definition, however, the asset as defined in the\nexplanation bring into its fold movable property, shares or\nsecurities, loans or likewise assets. In the absence of any of these\nassets found during the search or recorded in the seized material,\nthe case of the assessee does not fall